Yea…..it’s more complicated than my SWAG. (Which is why I called it a SWAG).

After a bit more research:

Most of the tax paid in Denmark is actually municipal taxes, which grouped together average about 25%. They do have a ceiling on the most you can pay between government and municipal taxes of 52%.

The bottom tax rate in Denmark is 10%, while in the US, the lowest rate is 0% (but it’s possible to pay a negative rate after all the deductions are applied.

My understanding is that in Denmark, 90% of citizens pay *some* income tax, while in the US, about 40–45% of the citizens pay no income tax.

Written by

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store